Nobody downloaded yet

The Automobile Industry in the US in 1920s - Essay Example

Comments (1) Cite this document
This essay describes the trends and main events in the automobile industry of the United States in 20th century. The researcher focuses on the analysis of this engineering sector, that is involved in the devising, growth, production, and selling of vehicles in the U.S…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
The Automobile Industry in the US in 1920s
Read TextPreview

Extract of sample "The Automobile Industry in the US in 1920s"

Download file to see previous pages In 2009, China successfully challenged its position, taking over as the second largest producer. Currently, America stands third in mass production of automobiles [1]. At the onset of the American automobile industry, a large number of manufactures came on the scene, and vigorously vied for the domination of the local market. However, towards the end of the 1920s, only three major companies had managed to control the market. Ford, General Motors, and Chrysler were the big players in the country. These companies continued to thrive strongly, even after the Great Depression and the advent of the World War 2. In the 1970s, a mishmash of rocketing oil costs, fervent competition from foreign brands, and tightening government laws greatly affected the companies negatively. From then on, the companies experienced widely fluctuating fortunes, but by 2008, the business was undergoing severe havoc. This resulted to the fall of General Motors and Chrysler, who had to file for bankruptcy. The Ford Company managed to stay afloat all through these trying periods, and is currently gaining momentum to regain its lost glory [2]. The Ford Company came into being from the original idea of its owner and founder, Henry Ford. Currently, the company stands second among the world’s biggest automobile producers. The multinational conglomerate is now currently worth about $167 billion dollars. Though the company specialized in automobiles, it now also runs Ford Credit, a venture that rakes in around $3 billion dollars annually. In addition, it also possesses The Hertz Corporation, which is the biggest car-rental company in the world. The corporation now produces a wide range of vehicle brands. These include Ford, Mercury,...
This essay discusses the automobile industry, that is a huge part of the engineering sector and is involved in the devising, growth, production, and selling of vehicles. It is one of the major industries in the world in terms of economic worth and revenue. The definition of the industry, though broad, is limited to the production and sale of automobiles, and does not include after-sales services like repair and maintenance. The industry is laden with events and milestones that marked its start and evolution to what it is currently. Firstly, the researcher dicusses the onset of the American automobile industry and mentiones companies, such as Ford, General Motors, and Chrysler, that were the big players in the United States in the 1920s. The researcher discusses the Great Depression that happened in the late 1920s and severely depleted General Motors’ financial strength. This was what that gave the Ford Company a much-needed lifeline. The General Motors’s market share all but disappeared, thereby greatly depleting its income avenues. The market stake of the Ford Company shot up drastically. In conclusion, the researcher states that Ford company managed to survive through the trying times mainly due to the backing of its continuous perfect performance of its financial services sector. However, reclaiming its position as the world’s biggest automotive producer is not an easy task. The frequency of changing technology and fluctuation of markets will certainly be a problem for most companies. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Automobile Industry in the US in 1920s Essay”, n.d.)
Retrieved from
(The Automobile Industry in the US in 1920s Essay)
“The Automobile Industry in the US in 1920s Essay”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
krajcikconner added comment 8 months ago
Student rated this paper as
Nice paper! Used it to finish an assignment for a engineering and construction course. It was easy as ABC, for the first time in my life.

CHECK THESE SAMPLES OF The Automobile Industry in the US in 1920s

US Automobile Industry Analysis

...?US Automobile Industry Analysis The US automobile industry, as defined by the US Census Bureau, engages in manufacture of complete automobiles and manufacture of chassis only. Other information relating to the US motor industry is further categorized into assembly plants, electric automobiles, automobiles assembling, hearses assembling and so forth. This report analyzes the automobile industry in general, and considers a specific case of Honda Motor Company. The automobile...
3 Pages(750 words)Essay

Better Place Automobile Industry

...? 2000 Word Exam s - Strategic Management Analysis Better Place Automobile Industry 2000 Word Exam s - Strategic Management Analysis Mission, Vision, and Stakeholders The better space automobile is a company that was introduced in an attempt to shift transportation to electric engines from then fuel combustion engines. The move was considered to develop environmentally friendly engines and the use of the renewable energy sources. Developing such technologies required well-coordinated stakeholders including the developers, consumers, and efficient management. Transformation of the automobile industry was massive projects and has remain a...
8 Pages(2000 words)Essay

The UK Automobile Industry

...of the UK Automotive Industry Conclusion Introduction The beginning of the UK Automotive Industry took place in 1896, when Fredrick Simms collaborated with Gottlieb Daimler who had a manufacturing plant for engines used in boats. The idea came upon Harry J. Lawson to use these engines in motor vehicles who took over the plant from Simms and produced the first automobile in UK. Since travelling by motor vehicles was uncommon in those days, Lawson faced a lot of problems initially. With a lot of convincing, Lawson managed to get an official sanction from the British Government to ply motor vehicles on the streets. From then, the era of the motor...
15 Pages(3750 words)Essay

US Automobile: On Brink

...US Automobile: On Brink The United s government is committed to offering economic incentives to its people; the intent of such incentives is in the form of taxation policies, subsidies and credit policies. The government at all levels i.e. state and municipal governments have struggled to induce job creation. The United States reign supreme in technological and financial avenue, however for the sake of profit-making all such units were outsourced, bringing more revenue to the country but lesser to its people. This specific case has been true for automotive industry, GM and Chrysler were once considered to be the global automotive brand, but soon these industries realised that their global share was on the verge of decline due... to the...
4 Pages(1000 words)Article

Automobile Industry in China

...joining of the WTO. To some, the 'wolf' really has come since that time, as China, in only its first year of accession to the WTO, had expectations of quite possibly surpassing the United States as the country which attracts the most foreign capital. This was an extremely exciting precedent to the country of China, especially considering how extreme the United States' foreign market stood at, therefore proving what a remarkable height another would have to reach in order to pass the United States. The term 'wolves' has also been used for another factor in the topic of China's entry into the WTO; 'foreign wolves'. Due to the high tariff and price, quite a vast number of people in China disliked the domestic...
19 Pages(4750 words)Essay

Automobile Industry

...Strategic Management Automobile industry comprises of all the vehicles starting from motorcycle to buses and trucks. The industry is considered to bethe largest manufacturing industry providing jobs to millions of people and generating billions of revenues each year. Industry History The industry was born in 1859 when Jean-Joseph-Etienne built the first internal combustion engine which was further modified by Nokolaus August Otto. "Germans, Gottlieb Diamler and Karl Benz (MsnEncarta, 2007) in 1885, were the first one to introduce a true automobile when they attached a motor to the automobile and this was...
9 Pages(2250 words)Research Paper

United States Automobile Industry

...Running Head: US AUTOMOBILE INDUSTRY United s Automobile Industry of the of the United s Automobile Industry Introduction The US automobile segment is a huge industry producing durable consumer goods and using a nationally oriented advertising strategy to market its product. The auto industry is one of the most influential segments in the US economy, providing a substantial fraction of the national employment and having a major impact on GDP. Considering all the intermediate products used in auto...
14 Pages(3500 words)Essay

Should the US Taxpayer Bail Out the US Automobile Industry

... of the of the Concerned 11 December 2008 Should the US Taxpayer Bail Out the US Automobile Industry For long, the US auto industry has been considered to be a massive creator of jobs and a reliable engine of productivity. Not only the American culture has assimilated the US auto industry in its folds, but the industry under consideration is a vital and integral component of the American economy. However, the things have drastically altered in the current scenario and the US auto industry does not stand to pose a really rosy picture. The question that impinges upon the consciousness of the politicians, the taxpayers and the intelligentsia is that should the federal funds be used to bail out the US auto industry out... ). The...
2 Pages(500 words)Term Paper

The Automobile industry

...The Automobile Industry Introduction Cars have become the most important form of transport since their widespread use after the Second World War. In the last century, the were considered to be the most important invention since they have affected more lives and have changed the world in more ways than any other invention such as computers, the internet, mobile phones or any other piece of technology. However, it must be noted that automobiles do not exist in a vacuum and there is an extensive and expansive global industry which supports this essential method of transport. Therefore an understanding of this industry is very important for...
8 Pages(2000 words)Essay

The Automobile Industry

...generation with models like F20, E82 and E88. In 2010 BMW 5 series was launched in 2010 which is available in models like Sedan (F10), Station Wagon (F11) and Gran Turismo (F07). The company has continued to launch new and innovative car brands in the market such as the BMW 7 series, BMW 6 and the BMW S series. Brand Inventory. The company has used the same logo since the 1920s when it was first adopted. The logo that mimics the motion of a white propeller on a sky-blue background not only communicates the quality of cars the company manufactures but also an aesthetic value in the cars. It communicates the feeling luxury that is characteristic of BMW cars and this is very important as a marketing...
6 Pages(1500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The Automobile Industry in the US in 1920s for FREE!

Contact Us